One problem you may encounter as with a condo the maintenance fees increase so the bank may want a higher cushion than just $50 a month to counteract when the fees go up..

While all things wither and decay, I survive.

Summerhomes, you're right...there's nothing more gratifying than turning a decaying home into a dwelling in which families can live with pride.

The City of Youngstown is going to take action to ensure that many of the homes that have been foreclosed on are not left abandoned to decay - for obvious reasons.

A good wholesaler looks beyond the filth, stench and decay.

The property will decay, but maybe the lender is not concerned since the government is providing support (or should I say the taxpayer is).

This may counteract “boycotting†by agents.2.

If that's the case, perhaps now is the best opportunity to sell everything...depending on how long you think you can maintain cash flow before "the end," and your personal tax situation, you may see greater returns by selling and paying long-term capital gains at 15% as opposed to continuing to collect rent and pay ordinary income taxes at your marginal rate.That would actually make for a very interesting financial analysis given the various parameters of decaying cash flow, decaying market values and income tax changes over the next couple years...

I had a property with a cheesy old 1' retention wall made from decaying decades-old wood.

For low income, older neighborhoods in metro areas, a reduction in buyers, and in general a reduced investment (by both fewer investors and cash strapped municipalities) will create further decay and downward price pressures.